The head of the Iraqi Chambers of Commerce reveals the volume of Iraqi capital operating abroad and criticizes the support of the parties to the looting investor

The head of the Federation of Iraqi Chambers of Commerce and the President of the Baghdad Chamber of Commerce revealed on Tuesday the amounts of Iraqi immigrants and investors in Iraq, pointing out that the party's emergency investor receives government support at a time when the real investor does not get any chance to work inside Iraq.

Jafar al-Hamdani said in an exclusive interview with the news agency N, that "the next period of the Councils of Iraqi Chambers of Commerce is a cycle of construction and reconstruction and reconstruction and partnership in the economic decision to serve the investment movement in Iraq."

"There are about $ 25 billion in Jordan, $ 33 billion in the UAE and the same in Southeast Asia, in addition to tens of billions of dollars," Hamdani said. Working in European countries, in the form of investment. "

"We must work hard to return these funds to Iraq to build the country and this requires security and political stability and institutional integrity for the return of capital."

He criticized the president of the Federation of Iraqi Chambers of Commerce and the President of the Baghdad Chamber of Commerce, "government agencies provide investment opportunities and financial facilities and real estate investor (emergency) backed by political parties in the time we see a mass escape for real investors who have the capital and the ability to complete any project on the ground.

Al-Hamdani added that "the emergency investor, which is supported by the parties in power in Iraq gets dozens of investment leaves without investment in the right manner where these trading and the sale of these licenses to other investors, the time that the owners of money and experience, whether Iraqis or foreigners of the routine boring to obtain investment license Or a piece of land or guarantee from the Iraqi banks. "

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